Latest news in Governance/legislation

Trust Law and Pension Plans—An Evolution in Progress

Trust Law and Pension Plans—An Evolution in Progress June 23, 2008 | Ian McSweeney and Douglas Rienzo As all pension practitioners know, the provision of…

The implications of TFSAs and phased retirement

The implications of TFSAs and phased retirement

Plan sponsors would do well to familiarize themselves with the new legislation regarding tax-free savings accounts (TFSA) and phased retirement, according to experts.

  • By: Jody White
  • June 19, 2008 September 13, 2019
  • 00:00

The Régie Strikes Back

Golf fans everywhere know that Tiger Woods really doesn’t like to lose. Neither, apparently, does Quebec’s pensions regulator, the Régie des rentes du Québec. A…

Burke v. HBC: Raising More Questions Than It Answers?

While initial reaction to the Ontario Court of Appeal decision in the Burke v. Hudson’s Bay Company case was positive from those who represent plan…

The Law: Joint Action

The case for a principles-based regulatory pension system for single-employer pension plans governed by both plan members and plan sponsors. The search for a better…

Court Allows HBC Appeal

If a company’s pension plan has a surplus and that company then sells a division, should a share of the surplus be transferred to the…

Is Quebec Pension Protection on Wind-up Passé?

Since the early 1990s, the Régie des rentes du Québec has maintained the position that if an employer withdrew from participation in a pension plan,…

Proactive Actions

Pension and benefits litigation is on the rise in Canada. What should plan sponsors do to prepare? The past few years have shown a steady…

ACPM Seeks Permission to Intervene in Kerry Case

The Association of Canadian Pension Management plans to seek permission to intervene in the Kerry case because it says the issues raised in the appeal…

In which capacity are you acting?

A recent decision of the Ontario Court of Appeal serves as a reminder that directors and officers may have different duties and obligations depending on…

Newfoundland and Labrador Amends Pension Benefits Act

The government of Newfoundland and Labrador has introduced an amendment to the Pension Benefits Act (PBA), requiring plan sponsors to fully fund any deficits on…

  • By: Jody White
  • May 2, 2008 September 13, 2019
  • 00:00

2008 Quebec Report: Fitting the Bill

The new measures introduced in Bill 30 mean that Quebec plan sponsors will need to prepare for upcoming changes in pension plan funding and administration.…

Safety First

DC plan sponsors should enjoy the simplicity, but manage the risks. The late 1990s witnessed an exodus by employers from traditional defined benefit (DB) pension…

Battle for the Bulge

Pension surplus: whose money is it anyway? The pension plan surplus ownership debate began with the Dominion Stores case in 1986—a debate that is alive…

Slow Motion

More than a year after the implementation of Bill 30, Quebec’s plan sponsors and pension comm ittees remain in a state of tranquility. But it…

ABCP Restructuring Plan Approved

Holders of third-party asset-backed commercial paper (ABCP) overwhelmingly approved a restructuring plan in a vote on Friday. Approximately 96% of the noteholders voted in favour…

Institutional ABCP Investors Hold their Nose and Vote Yes

After voting in favour of the asset-backed commercial paper (ABCP) market restructuring plan on Friday, retail investors are looking forward to getting their money back,…

  • By: Jody White
  • April 25, 2008 September 13, 2019
  • 00:00

Judge Allows ABCP Vote

The Ontario Superior Court of Justice has ruled that the third-party asset-backed commercial paper (ABCP) noteholder vote can go ahead on Friday. Justice Colin Campbell…

Rules of the Pension Investment Game

According to Benefits Canada, total assets in Canadian registered pension plans passed the $1 trillion mark earlier this decade. A question often asked by plan…

Hydro One Suffers Legal Defeat in Pension Case

Hydro One’s appeal to the Ontario Divisional court regarding pensions was dismissed recently, marking a second legal defeat for the utility company in a year.…

  • By: Jody White
  • April 15, 2008 September 13, 2019
  • 00:00

Bill Makes Phased Retirement for Workers Easier in Quebec

With experts predicting an impending labour shortage due to the mass retirement of baby boomers, Quebec’s provincial government has introduced a bill aimed at smoothing…

  • By: Jody White
  • April 14, 2008 September 13, 2019
  • 00:00

Quebec Court of Appeal Overturns Pension Ruling

The Quebec Court of Appeal has struck down a lower court’s decision on multi-employer pension plans that denied plan sponsors a provision which linked funding…

  • By: Jody White
  • April 8, 2008 September 13, 2019
  • 00:00

The Law: Fee Factor

U.S. plan sponsors face a wave of litigation and proposed new regulations concerning fees charged to members in DC pension plans. Could Canadian plan sponsors…

  • By: Paul Litner
  • April 1, 2008 September 13, 2019
  • 00:00

ABCP Restructuring Vote Set for April

Investors that hold third-party asset-backed commercial paper (ABCP) will have the opportunity to vote on the restructuring plan on April 25, according to a statement…

Court Approves Process for Third-Party ABCP Restructuring Plan

The Ontario Superior Court of Justice has granted an application by The Pan-Canadian Investors Committee for Third-Party Structured asset-backed commercial paper (ABCP) under the provisions…